Tag: money laundering

Chidambaram’s bail plea rejected in INX Media scam case

Newsroom24x7 Network New Delhi: The Supreme Court on Tuesday evening turned down former Union minister and senior Congress leader P Chidambaram’s plea for an urgent hearing on his anticipatory bail petition after his anticipatory bail plea linked with money laundering cases related to the INX Media scam was dismissed by the Delhi High Court earlier

Continue reading

CIA Factbook: Afghanistan is world’s largest producer of opium and the US is largest consumer of cocaine

Newsroom24x7 Network Afghanistan is world’s largest producer of opium while the United States of America is the world’s largest consumer of cocaine and a major consumer of ecstasy and Mexican methamphetamine, besides the US is also a money-laundering center. This information is derived from the American Central Intelligence Agency’s most popular publication — The World Factbook. Presenting

Continue reading

What ails India’s Income Tax Department

Lalit Shastri There is a general perception among the masses that the Income Tax department, has largely failed, along with other enforcement agencies, to curb the menace of black money and come down heavily against those involved in money laundering -an activity that poses a serious threat to national and international security. Besides the general perception, what

Continue reading

US report on Counterterrorism indicts Pakistan on several counts

Lalit Shastri The “Country Reports on Terrorism 2014” prepared by the Bureau of Counterterrorism and released by the US Department of State recently indicts Pakistan on several counts on the issue of counterterrorism cooperation. The chapter dealing with Pakistan in the Bureau of Counterterrorism Report underscores that Pakistan remains a critical counterterrorism partner that is

Continue reading

India-UAE have decided to build a comprehensive strategic partnership

Newsroom24x7 Staff India and UAE reject extremism and any link between religion and terrorism   Abu Dhabi: The high watermark of Indian Prime Minister Narendra Modi’s UAE tour is the joint statement underscoring the resolve by India and UAE to reject extremism and any link between religion and terrorism. The two nations have condemned efforts,

Continue reading

RBI will exchange information and seek mutual assistance from Central Bank of Seychelles

Newsroom24x7 Staff New Delhi: The Reserve Bank of India has signed a Memorandum of Understanding (MoU) on “Exchange of information and mutual assistance in banking sector supervision” with Central Bank of Seychelles (CBS). This MoU is obviously, part of the drive to unearth black money and the global war against the menace of money laundering. The MoU

Continue reading